Auto Insurance Annual Check-Up for Complete Coverage
Your driving requirements change from one year to the next and your insurance coverage needs to keep up. You know it’s important to make regular appointments to have your car serviced so it will stay in great shape. Most people don’t think twice about having a yearly physical when they feel perfectly healthy. However, it’s easy to forget your financial well-being, which also needs to be checked regularly. An auto insurance annual check-up is designed to ensure you have sufficient protection in the event of a loss. It can also help save you money.
Signs It’s Time for an Auto Insurance Review
Your life is constantly changing. It happens a little bit at a time from day to day and month to month which makes it easy for small changes to morph into big lifestyle transformations without you even realizing how much has changed. Driving the same car as when you purchased the policy doesn’t mean your auto insurance needs haven’t changed. These are just a few lifestyle changes that can affect your auto insurance needs.
You likely know that putting your teen behind the wheel means big changes in your auto insurance policy. However, you might not know all the details about timing or the options available for teen drivers. An annual insurance review allows you to discuss your growing family with your agent so you can get advice about exactly when to add your teen to the policy. Talking about your teen’s future plans will give your agent the information they need to help you choose the best type of coverage for your teen, as well.
A new job often means a commute and salary change. Most people don’t realize it could also affect your insurance rates. Changes in your daily driving habits can lead to lower premiums. Some common changes are a shorter commute, the use of a parking garage, using public transportation, and participating in a carpool.
A New Residence
If you moved to a different home, you probably made changes to the insurance policies that protect your home and possessions. However, you probably neglected to realize that a change in residence could affect your car insurance too. Where you park your car, how far you have to drive to work, and other new driving habits could mean changes for your auto insurance coverage.
Many other life changes also affect your insurance coverage and monthly premiums. Lower rates and new discounts become available regularly. A few other surprising reasons for an auto insurance checkup are milestone birthdays, your great driving record, your teen’s good grades, and even your credit.
Do I Really Need To Increase My Coverage?
It’s a common misconception that an annual car insurance review is just a scam to get you into the office so you’ll buy additional insurance you don’t actually need. This isn’t true at all. In fact, it’s common for yearly insurance checkups to reveal savings and discounts that actually save you money. Understanding your insurance coverage is a crucial detail in making sure you have the right protection for your entire family.
LoPriore is an independent insurance agency that works with a variety of insurance companies. These relationships allow us to provide customers with customized insurance packages that fit your lifestyle. Insurance is our passion, and we’re delighted with the opportunity to help our Massachusetts neighbors find the right coverage to protect their families at prices you can actually afford.
Making the Most of Your Auto Insurance Annual Check-Up
Your yearly auto insurance review provides you with an opportunity to discuss your coverage and premiums with your insurance agent. Asking the right questions helps ensure that you and your family have adequate protection at the best prices available. Take the time to cover these points during your annual auto insurance checkup.
- The details of your existing coverage: Most people have a vague idea about what their car insurance covers. However, it’s common to have little understanding of the details involved. Your insurance agent can tell you everything you need to know about your policy and help you decide if you need a change. Understanding the coverage you have is the only way to decide whether it’s sufficient.
- Available discounts: Lifestyle changes often make customers eligible for insurance discounts they aren’t even aware of. Be sure to ask your agent if you are eligible for new discounts or if they can help you find a company with additional discounts targeted at your situation.
- The effects of deductibles: If you’re seeking lower premiums, your deductible amount might be a good place to start. A higher deductible typically leads to lower premiums. Conversely, you might consider changing your deductible if it’s been the same for years due to a financial past that no longer describes your situation.
- Seeking expert advice: An independent insurance agent is in the position to provide you with honest, unbiased advice about your coverage and the protection you need for your family. If you feel unsure about anything from your premiums to your coverage or the company you’re working with, don’t hesitate to ask for advice. Your agent can help you understand the details or make changes, if necessary.
Learn More About an Auto Insurance Annual Check-Up
Your auto insurance annual check-up provides a great opportunity to share more information about your lifestyle. Then, you can get the coverage you need at a price you can afford. Waiting to discuss your auto insurance until after an accident can leave you underinsured and facing significant financial hardship. Annual reviews keep your auto insurance policy up to date and provide a layer of safety for you and your family.
If you think it’s time for your yearly auto insurance checkup, get in touch with us today. Our agents are standing by to answer your questions, provide a quick quote, or schedule an appointment. Don’t forget to ask about our wide variety of personal and commercial insurance policies.